As the international crude oil price callbacked, the transaction enthusiasm of the domestic oil products market weakened, and the terminal market turned bearish, driving the domestic oil products price down. According to the monitoring data of SunSirs, the price of gasoline on December 25 was 5,733 yuan / ton, down 0.70% compared with the beginning of the week; the price of diesel on December 25 was 5,011 yuan / ton, down 1.34% compared with the beginning of the week.

In the process of continuous improvement of international crude oil market, it was reported that mutated virus had been found in the UK, and most cities in the UK had implemented strict City closure measures. A number of countries suspended air traffic with the UK, and the demand for crude oil significantly restrained. Last week, international crude oil prices had a correction. Last week, WTI crude oil prices fell 2.05% and Brent crude oil prices fell 1.76%.

In terms of gasoline demand, the weather turned cold, coupled with the arrival of New Year’s Day holiday, the demand for car travel increased, and after the domestic refined oil price adjustment "three consecutive rises", the demand for terminal refined oil increased. However, it was reported that the mutation virus was found in the UK, the international crude oil price showed a correction, the domestic market demand for terminal refined oil cooled down, and the market price fell slightly; in terms of diesel demand, the weather turned cold, and the road price dropped slightly The demand for outdoor diesel such as engineering and infrastructure fell to a low level, and the international crude oil price fell, so the diesel market price was not supported and the market price fell.

SunSirs oil product analyst said: when vaccination continues to benefit the crude oil market, it is reported that the new coronavirus mutation in the United Kingdom, the demand for crude oil in the international market loses support, and the international oil price begins to callback. The domestic oil product market turns bearish, and the market price of oil product is expected to turn from rising to falling in China.

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